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cliff talks. he wants the america's youth to use the social networking prowess to get congress to take action. does even the almighty psy have the power to get everybody together? i don't know. joining us with democratic congresswoman karen bass. thank you so much for joining our show tonight. obviously alan simpson is very worried about people getting involved. do you feel like the american public is tuned into this debate or are they sick of hearing all the fighting back and forth and they're tuning out? >> you have to love the former senator. he is quite hilarious. i think people are tuned in. i think people are aware. people know that, you know, 98% of americans could have their tax rates stable and not have their taxes go up. and you know, there are some taxes that would go up if we two off the fiscal cliff. you're talking about a family that makes about $50,000 having a tax increase of $4,000. melissa: congresswoman, this drives me crazy. when we look at all the numbers we immediately start
cliff talks. he wants the america's youth to use the social networking prowess to get congress to take action. does even the almighty psy have the power to get everybody together? i don't know. joining us with democratic congresswoman karen bass. thank you so much for joining our show tonight. obviously alan simpson is very worried about people getting involved. do you feel like the american public is tuned into this debate or are they sick of hearing all the fighting back and forth and they're...
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. >>> this morning, signs that there may actually be movement on the fiscal cliff talks. kayla is live with that. >> reporter: a little bit of movement potentially. president obama and house speaker john boehner spoke by phone yesterday as democrats and republicans continue to dig their heels in over this budget standoff. there's been no announcement of any new face the face talks as lawmakers try to reach a deal to avoid the so called fiscal cliff in january. treasury secretary tim geithner tells cnbc republicans have made a little progress, but the obama administration is "absolutely ready to go over the cliff if the gop doesn't agree to raise tax rates on wealthy americans." apple has lost a bit of its shine. the tech giant stock suffering its worst day in four years on thursday. several factors may have been at play. investors worried apple may be giving up ground in the tablet market to rivals, while nokia beat the company to the punch. there are also unconfirmed reports a stock clearinghouse firm is reducing the margin requirements on apple stock. apple lost $35 bil
. >>> this morning, signs that there may actually be movement on the fiscal cliff talks. kayla is live with that. >> reporter: a little bit of movement potentially. president obama and house speaker john boehner spoke by phone yesterday as democrats and republicans continue to dig their heels in over this budget standoff. there's been no announcement of any new face the face talks as lawmakers try to reach a deal to avoid the so called fiscal cliff in january. treasury secretary...
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america is about to go over the fiscal cliff are you worried what should we do about it this week let's talk about that do you know if it's good vote do you think a lot of americans do so then why is the media talking about it incessantly we're also going to i guess i have not as informed as i should be but i just kind of figure it might work out do you think most people feel that way you know you think most people are worried i think they are and i think that if i ignored it all go away do you think calling it something like the fiscal cliff minimizes it yes or no i definitely agree that it's a complex problem i don't think it simplifies it though i think it adds an element of panic or fear looming. doom that and the media loves that yeah i do think there's actually something to worry about or do you think it's something the politicians and the media used to distract us from what's really going on politics and media for sure so what's really going on that they're distracting us from. their own personal agendas if they're not really trying to work together there are three business chann
america is about to go over the fiscal cliff are you worried what should we do about it this week let's talk about that do you know if it's good vote do you think a lot of americans do so then why is the media talking about it incessantly we're also going to i guess i have not as informed as i should be but i just kind of figure it might work out do you think most people feel that way you know you think most people are worried i think they are and i think that if i ignored it all go away do you...
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[talking over each other] dennis: fiscal cliff. why hampton restaurants are slashing prices and selling fast before the end of the year. cheryl: also ahead, why the solar industry fell. your west coast minute coming up. dennis: first, let's take a look at treasuries. ♪ >> i am tracy byrnes with your fox business brief. a new report led u.s. to believe that the china will have the largest economy by 2030. globalization and the environment. aig has struck a deal with a chinese consortium to sell nearly all of its airline. it will buy just over 80% for more than $4.2 billion. with the option of buying nearly 10% more of the business. reportedly to be the worst since the financial crisis in 2008. the average bonus this year will be $101,000. that is down 60.5% from last year. that is the latest from the fox business network. giving you the power to prosper. ♪ get married, have a couple of kids, [ children laughing ] move to the country, and live a long, happy life together where they almost never fight about money. [ dog barks ] be
[talking over each other] dennis: fiscal cliff. why hampton restaurants are slashing prices and selling fast before the end of the year. cheryl: also ahead, why the solar industry fell. your west coast minute coming up. dennis: first, let's take a look at treasuries. ♪ >> i am tracy byrnes with your fox business brief. a new report led u.s. to believe that the china will have the largest economy by 2030. globalization and the environment. aig has struck a deal with a chinese consortium...
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before we get to fiscal cliff, let's talk a little bit about syria. there are now reports that they may be loading the components that would make up sarin gas. and i'm curious to know and i think a lot of people are watching this, does this mean that we are headed, the united states is headed into military action considering what we know about the red line, if you will, that hillary clinton laid out pretty clearly? >> it was very important for her to draw a very clear line. because any use of chemical weapons has to be responded to internationally. i'm sure the secretary of state is immersed with russia right now, is in negotiations with russia for a united front against this absolutely unacceptable possibility. >> okay. so she's laid that out. but then the next step, of course, if, in fact, they're putting together the components that create sarin gas and they're leading these into weapons, are we going to war insider to stop this? the united states. >> i think that the u.s. is going to be laying out a series of actions in partnership with some other
before we get to fiscal cliff, let's talk a little bit about syria. there are now reports that they may be loading the components that would make up sarin gas. and i'm curious to know and i think a lot of people are watching this, does this mean that we are headed, the united states is headed into military action considering what we know about the red line, if you will, that hillary clinton laid out pretty clearly? >> it was very important for her to draw a very clear line. because any...
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aides are talking behind the scenes. fiscal cliff, just 24 days away. >>> he's nba royalty. one of the best basketball players of all time. talking about kareem abdul-jabbar. he thrilled millions of fans with the sky hook, his trademark move on the court, a six-time. he's also the nba's all-time leading scorer. he is also among thousands of americans living with leukemia. kareem says his diagnose is not as a death sentence but as a manageable disease. >> in december of 2008, i was diagnosed. it came after a long series of night sweats and stuff that would come and go. it was months. i really should have gone and talked to my doctor about it earlier. but i thought it was just me getting older. and it was really symptoms of the type of leukemia i have, which is called cml, chronic myaloid leukemia. being able to give over cml patients that they are not alone and that they can treat their condition and survive is very important. that's why i'm partners with novartis who's been very important to me. their medication has enabled me to live my life to the fullest. i've thought abo
aides are talking behind the scenes. fiscal cliff, just 24 days away. >>> he's nba royalty. one of the best basketball players of all time. talking about kareem abdul-jabbar. he thrilled millions of fans with the sky hook, his trademark move on the court, a six-time. he's also the nba's all-time leading scorer. he is also among thousands of americans living with leukemia. kareem says his diagnose is not as a death sentence but as a manageable disease. >> in december of 2008, i...
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. >>> talks between the white house and republicans over the fiscal cliff are grinding to a hold. house speaker john boehner dealing with division in the gop's ranks to his budget plan. we've got a shanghai surprise. china's mainland markets up over nearly 3% after beijing's new leaders called for economic stability and new business growth. and it looks like more austerity for britain. george osborne getting ready to release his autumn statement. >>> nokia shares a little bit high today. they are teaming up with china mobile, giving access to the world's biggest mobile phone markets. >>> if you just got up, very warm welcome to the start of your global trading day. stocks are on the front foot this morning. this is where we stand with u.s. futures. currently called up around about 30 points higher. the dow down, what, 13 points? the nasdaq called up just under 40 points. the s&p 500 at the moment is called up just over three points. it was down two points yesterday. european stocks doing a little built better. they were as flat as a pancake, as i've been saying. as flat as my panc
. >>> talks between the white house and republicans over the fiscal cliff are grinding to a hold. house speaker john boehner dealing with division in the gop's ranks to his budget plan. we've got a shanghai surprise. china's mainland markets up over nearly 3% after beijing's new leaders called for economic stability and new business growth. and it looks like more austerity for britain. george osborne getting ready to release his autumn statement. >>> nokia shares a little bit...
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we're talking a bull or a bear market. wa wall street is saying about the fiscal cliff. plus kate out of the hospital but is she out of the woods. she's out of the hospital after battling a treatment for severe morning sickness. we get a report from london straight ahead. and you really don't want to pay more than you have to. only citi price rewind automatically searches for the lowest price. and if it finds one, you get refunded the difference. just use your citi card and register your purchase online. have a super sparkly day! ok. [ male announcer ] now all you need is a magic carriage. citi price rewind. start saving at citi.com/pricerewind. citi price rewind. avoid bad.fats. don't go over 2000... 1200 calories a day. carbs are bad. carbs are good. the story keeps changing. so i'm not listening... to anyone but myself. i know better nutrition when i see it: great grains. great grains cereal starts whole and stays whole. see the seam? more processed flakes look nothing like natural grains. you can't argue with nutrition you can see. great grains. search great grains a
we're talking a bull or a bear market. wa wall street is saying about the fiscal cliff. plus kate out of the hospital but is she out of the woods. she's out of the hospital after battling a treatment for severe morning sickness. we get a report from london straight ahead. and you really don't want to pay more than you have to. only citi price rewind automatically searches for the lowest price. and if it finds one, you get refunded the difference. just use your citi card and register your...
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a coalition of the nation's top c.e.o.s is feeling pessimistic about getting a fiscal cliff deal.
a coalition of the nation's top c.e.o.s is feeling pessimistic about getting a fiscal cliff deal.
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talk about that do you know the fiscal cliff. do you think a lot of americans do so then why is the media talking about it incessantly well so go there i guess i'm not as informed as they should be but i just kind of figure it might work out do you think most people feel that way you know even most people are worried i think they are and i think that if i ignored it all go away do you think calling it something like the fiscal cliff minimizes it yes or no i definitely agree that it's a complex problem i don't think it simplifies it though i think it adds an element of panic or fear looming. doom and the media loves that yeah do you think there's actually something to worry about or do you think it's something the politicians in the media used to distract us from what's really going on politics and media for sure so what's really going on that they're distracting us from. their own personal agendas people fall into a trip when it comes to real life. people that don't do their job. yeah which is all of them in a word yes yes it's t
talk about that do you know the fiscal cliff. do you think a lot of americans do so then why is the media talking about it incessantly well so go there i guess i'm not as informed as they should be but i just kind of figure it might work out do you think most people feel that way you know even most people are worried i think they are and i think that if i ignored it all go away do you think calling it something like the fiscal cliff minimizes it yes or no i definitely agree that it's a complex...
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cliff. >> speaker boehner says no progress has been made in the fiscal cliff talks with the president with just about three weeks left before the deadline. we'll check in with political editor mark murray. first, lawyers for george zimmerman have filed a lawsuit against nbc universal for its coverage of the february 26th, 2012 shooting death of trayvon martin in sanford, florida. it alleges defamation and intentional infliction of emotional distress. in a statement the parent company said, quote, we strongly disagree with the accusations made in the complaint. there was no intent to portray mr. zimmerman unfairly. we intend to vigorously defend our position in court. we'll be right back. tonight our guest, thomas sargent. nobel laureate in economics, and one of the most cited economists in the world. professor sargent, can you tell me what cd rates will be in two years? no. if he can't, no one can. that's why ally has a raise your rate cd. ally bank. your money needs an ally. bp has paid overthe people of bp twenty-threeitment to the gulf. billion dollars to help those affected and to
cliff. >> speaker boehner says no progress has been made in the fiscal cliff talks with the president with just about three weeks left before the deadline. we'll check in with political editor mark murray. first, lawyers for george zimmerman have filed a lawsuit against nbc universal for its coverage of the february 26th, 2012 shooting death of trayvon martin in sanford, florida. it alleges defamation and intentional infliction of emotional distress. in a statement the parent company...
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aspercreme. >>> new job numbers, fiscal cliff talks, legalize medical marijuana. all the news was fodder for late night comedians this week. here are just some of our favorite late night laughs. >> some good news. the u.s. unemployment rate is now the lowest it's been in four years. or as makers of sweatpants put it. >> the unemployment rate has fallen to the lowest level in four years. well, the bad news, most of those jobs involve wearing a red suit, a beard and have a kid pee in your lap. >> house speaker john boehner said his efforts to work with president obama on the fiscal cliff have resulted in a lot of talk, but no action. yeah. a lot of talk, but no action or as they call that in college, date. >> you know what's really popular now, weed. weed. yeah, you can get it in washington legally and you can get it in colorado legally and 60% of americans say they're in favor of legalizing weed and it's, it's too bad that this comes just when twinkies is going out of business. i mean -- >> day two of legalized marijuana in washington state and you think pot smoker
aspercreme. >>> new job numbers, fiscal cliff talks, legalize medical marijuana. all the news was fodder for late night comedians this week. here are just some of our favorite late night laughs. >> some good news. the u.s. unemployment rate is now the lowest it's been in four years. or as makers of sweatpants put it. >> the unemployment rate has fallen to the lowest level in four years. well, the bad news, most of those jobs involve wearing a red suit, a beard and have a...
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because this is a big deal, and we're talking about a fiscal cliff and great drama. if we stay on the same spending path, i thought i'd show you what happens if we change it to the boehner plan, the obama plan. let's start out with the do-nothing plan, because that's the plan we've got right now. the congressional budget office estimates our fiscal year 2013 deficit will be, well, $104 trillion for fiscal 2013, okay? and here's what happens to our national debt as a result of this baseline. it's going tt surge from $16.3 trillion to $17.5 trillion at 2013, then we get out here to about 2014, it's going to be, well, it's going to be about 19.4. 20.3 trillion, 20.3 trillion if we do nothing in 2016: and by 2022, out here, it's going to be $25.8 trillion. that's if we do nothing about this spending, this runaway spending, this irresponsible government. now let's take a look at what happens if president obama gets tough, and he gets it done. the president calling for $1.6 trillion in higher taxes. he wants $82 billion a year from that top 2%. by the way, that's the same
because this is a big deal, and we're talking about a fiscal cliff and great drama. if we stay on the same spending path, i thought i'd show you what happens if we change it to the boehner plan, the obama plan. let's start out with the do-nothing plan, because that's the plan we've got right now. the congressional budget office estimates our fiscal year 2013 deficit will be, well, $104 trillion for fiscal 2013, okay? and here's what happens to our national debt as a result of this baseline....
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in good news and in perfect news but the truth is consumer confidence and the fiscal cliff talk could say have something to do with all of it. >> no doubt about it new survey out from reuters, michigan in early december we saw consumer sentiment drop to the lowest level that we have seen since august. that suggests, according to analysts that the increased taxes they are expecting from this fiscal crisis is weighing on consumer spending right now. the other side of this though, of course, is vice president biden went to a diner today to talk to some middle class folks and he basically said he has been talking to business leaders to say the converse of this is if there is a fiscal deal business leaders tell him the economy will be unleashed. take a listen. >> the upside is even bigger than the downside. they are ready to move they have well over a trillion dollars out there continue to vest if they think that the economy is going to move. >> and i have been talking to officials in both pears who say that has been the most surprising thing to leaders in washington here in private is tha
in good news and in perfect news but the truth is consumer confidence and the fiscal cliff talk could say have something to do with all of it. >> no doubt about it new survey out from reuters, michigan in early december we saw consumer sentiment drop to the lowest level that we have seen since august. that suggests, according to analysts that the increased taxes they are expecting from this fiscal crisis is weighing on consumer spending right now. the other side of this though, of course,...
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it comes around the issue of the fiscal cliff talks about what the party wants to be. whether there's going to be a tea party 2 or whether there's something of a vacuum that doesn't get filled with demint leaving the senate. >> all right. david, thank you so much. we'll be watching "meet the press" this sunday as we do every sunday. eugene, thank you as well. your latest column online at washingtonpost.com. >> guard that mustache, gene. >> i'm going to guard it with my life. >> and congressman emanuel cleaver, great to have you on set with us. >>> coming up, nbc chief white house correspondent chuck todd. and later in the show, "the economist" crunched the numbers and came up with the best countries to be born in in 2013. and the united states does not top their list. we'll find out who does ahead on "morning joe." [ male announcer ] there are plenty of reasons to be jolly at the chevy year-end event because chevy's giving more. more efficiency with sonic and cruze... more function in equinox and traverse... more dependability with the legendary silverado... and more s
it comes around the issue of the fiscal cliff talks about what the party wants to be. whether there's going to be a tea party 2 or whether there's something of a vacuum that doesn't get filled with demint leaving the senate. >> all right. david, thank you so much. we'll be watching "meet the press" this sunday as we do every sunday. eugene, thank you as well. your latest column online at washingtonpost.com. >> guard that mustache, gene. >> i'm going to guard it with...
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president obama and john boehner meeting behind closed doors to talk about the economic fiscal cliff and the latest on the negotiations in the financial future of american families and hundreds of people feared dead. victims of a huge storm. the latest on rescue efforts. ♪ but i'm still stubbed up. [ male announcer ] truth is, nyquil doesn't unstuff your nose. what? [ male announcer ] alka-seltzer plus liquid gels speeds relief to your worst cold symptoms plus has a decongestant for your stuffy nose. thanks. that's the cold truth! ♪ but the fire is so delightful ♪ nothing melts away the cold like a hot, delicious bowl of chicken noodle soup from campbell's. ♪ let it snow, let it snow energy is being produced to power our lives. while energy development comes with some risk, north america's natural gas producers are committed to safely and responsibly providing generations of cleaner-burning energy for our country, drilling thousands of feet below fresh water sources within self-contained well systems. and, using state-of-the-art monitoring technologies, rigorous practices hel
president obama and john boehner meeting behind closed doors to talk about the economic fiscal cliff and the latest on the negotiations in the financial future of american families and hundreds of people feared dead. victims of a huge storm. the latest on rescue efforts. ♪ but i'm still stubbed up. [ male announcer ] truth is, nyquil doesn't unstuff your nose. what? [ male announcer ] alka-seltzer plus liquid gels speeds relief to your worst cold symptoms plus has a decongestant for your...
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time for the fiscal cliff update. we have not fallen over the ships but it is a few days away. no word of any progress. no compromise from either side. all with spending cuts and expiring tax credits. today, president obama pushed his proposed fix saying a deal must include higher tax rates. republicans say that is a job killer. they is said that forever. they let go of that, meeting at the white house yesterday. neither side will give any details about the conversation between president obama and speaker boehner. wendell, is there any time left to get this done? >>reporter: well, folks think there is time for enough of a deal but stopped short of a fiscal cliff but some think that has to happen this week. at a daimler truck stop the president didn't mention the upper income tax hike he is demanding but warned what will happen if congress doesn't extend the middle-class tax cuts both sides want. >> people will spend nearly $200 billion less than otherwise they would spend. consumer spending will go down. that means you have less customers, businesses get fewer profits, they hir
time for the fiscal cliff update. we have not fallen over the ships but it is a few days away. no word of any progress. no compromise from either side. all with spending cuts and expiring tax credits. today, president obama pushed his proposed fix saying a deal must include higher tax rates. republicans say that is a job killer. they is said that forever. they let go of that, meeting at the white house yesterday. neither side will give any details about the conversation between president obama...
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these new job numbers, does this give the president a better position on the fiscal cliff talks? >> i don't think it changes very much. it's part of a continuing trend we've seen over the last three or four years, very steady but moderate job growth. i think as time passes clearly the president is holding the cards. his leverage becomes greater and greater. it's interesting speaker boehner canceled one day of business. he's already canceled one day of business next week. i think what he's trying to do is get his members out of town, out of washington so they can't coalesce under a strategy to undermine what he's doing. i think he's seriously looking through this. >>> let's listen to what he said during a press conference yesterday. this is speaker boehner. >> even if the president got the tax rate hike he wanted, understand we would continue to see trillion dollar deficits for as far as the eye can see. >> listen, washington has got a spending problem, not a revenue problem. >> does the speaker have a point? >> well, not really. we do have a revenue problem. revenue is at the low
these new job numbers, does this give the president a better position on the fiscal cliff talks? >> i don't think it changes very much. it's part of a continuing trend we've seen over the last three or four years, very steady but moderate job growth. i think as time passes clearly the president is holding the cards. his leverage becomes greater and greater. it's interesting speaker boehner canceled one day of business. he's already canceled one day of business next week. i think what he's...
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and the real work to avoid the fiscal cliff is being done behind doors and we can hope. the latest talks from lawmakers seem to show that one side is coming out ahead. not surprisingly it is the side that won the presidential election. we will be right back. >>> quarter past the hour. mohamed morsi is still speaking. he says he feels sorry for those killed on both sides in the violence around the palace. this from the live speech which is on going. the hope was certainly of western observers that this man who has made himself a dictator would back down and submit to the will of the people. at least those not of the muslim brotherhood. that has not happened. he said we must trans send our differences. the will of the people cannot be suppressed by angry crowds. the will of the people must not be suppressed by anger. he says he prays that god will guide them through it. and he prays that god will safeguard the repercussions of the storm. he says the egyptian people are aware of your value. i stated clearly and openly i cannot tolerate that any person perpetrate any killing
and the real work to avoid the fiscal cliff is being done behind doors and we can hope. the latest talks from lawmakers seem to show that one side is coming out ahead. not surprisingly it is the side that won the presidential election. we will be right back. >>> quarter past the hour. mohamed morsi is still speaking. he says he feels sorry for those killed on both sides in the violence around the palace. this from the live speech which is on going. the hope was certainly of western...
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i want to talk to you about the fiscal cliff. but, first, i want to talk about jim demint. >> sure. >> what is this say about the senate, about the ability of someone like jim demint, an avowed conservative, to accomplish what he wants to accomplish within that chamber, that he felt the need or saw the opportunity to step outside of the chamber? what does that say about the folk like yourself who are still within it? >> well, jim demint is going to continue to be a leader in this country for years to come. specifically on conservative issues. he's going to continue to push for ways to cut spending and to limit the size of government. and i welcome that. he's choosing to do it outside now rather than inside the senate but he's had a huge, positive influence on the senate and we're going to continue to see that for years to come. >> senator, this may seem like a simple question, but i wonder, and a lot of people do is the senate from your perspective, is the senate a difficult place to be if you are someone who comes from executive
i want to talk to you about the fiscal cliff. but, first, i want to talk about jim demint. >> sure. >> what is this say about the senate, about the ability of someone like jim demint, an avowed conservative, to accomplish what he wants to accomplish within that chamber, that he felt the need or saw the opportunity to step outside of the chamber? what does that say about the folk like yourself who are still within it? >> well, jim demint is going to continue to be a leader in...
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tracy: tough new talk on the fiscal cliff. why house speaker boehner says president obama is deliberately pushing the country over it. ashley: all right. first look how the dollar is moving right now as we finish another week of trading. a mixed bag but the euro, pulling back against the dollar, below that 1.30 mark. we'll be right back. music is a universal language. but when i was in an accident... i was worried the health care system spoke a language all its own with unitedheahcare, i gohelp that fit my life. information on my phone. connection to doctors o get where i'm from. and tools to estimate what my care may cost. so i never missed a beat. we're re than ,000 people looking out for so i never more than 70t. million americans. that's health in numbers. unitedhealthcare. can. >> at 19 minutes past the hour i'm arthel neville with your fox news minute. reuters reporting protesters broke through military barricades outside the presidential palace in cairo, egypt. late yesterday defiant president morsi calling for a dialog
tracy: tough new talk on the fiscal cliff. why house speaker boehner says president obama is deliberately pushing the country over it. ashley: all right. first look how the dollar is moving right now as we finish another week of trading. a mixed bag but the euro, pulling back against the dollar, below that 1.30 mark. we'll be right back. music is a universal language. but when i was in an accident... i was worried the health care system spoke a language all its own with unitedheahcare, i gohelp...
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. >>> house speaker john boehner says he has no progress report on fiscal cliff talks because there is no progress to report. told reporters yesterday, president obama needs to drop what boehner called his m eed h or the highway approach. the fiscal cliff just 24 days away. >>> and a tragedy in pro football to tell you about. a dallas cowboys player has been killed and another has been arrested after an early morning car crash. cnn's mark makay joins me with the latest in a few minutes. >>> nelson mandela is in the hospital. but the country's president says the 94-year-old is doing well and there is no cause for alarm. mandela spent 27 years in prison for his battle against racial segregation and later became his nation's first black president. rob robin kernow has the report. >> reporter: jacob zuma announcements mandela is in the hospital for tests. the presidency issued a statement aiming to reassure the south african public. it says that mandela is well there is no need for concern and the medical attention he's receiving is consistent with his age. mandela is 94. now, these are th
. >>> house speaker john boehner says he has no progress report on fiscal cliff talks because there is no progress to report. told reporters yesterday, president obama needs to drop what boehner called his m eed h or the highway approach. the fiscal cliff just 24 days away. >>> and a tragedy in pro football to tell you about. a dallas cowboys player has been killed and another has been arrested after an early morning car crash. cnn's mark makay joins me with the latest in a...
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republicans will demand there whether it's part of the deal in the fiscal cliff or to raise the debt limit. >> i'm glad you brought that up. in terms of spending, which clearly has to be cut, the president from the reports this week wants to raise the debt ceiling without asking anybody. did they comment on that? >> what he's saying is give me the unilateral right to raise the debt ceiling, which congress had has had to approve, then congress can disapprove with a two-thirds vote. that would mean i could increase it when he wants. it's very unlikely that -- almost impossible, republicans in congress would go along seeding there kind of authority with the president. they might agree to increase the debt limit for enough money to take him through the end of the term. but they're not just going to give him or future presidents the authority to increase the debt limit. that's part of the power congress has. >> we hope to see them working hard at this, time getting close to the end of the year. >> 23 days and counting. >> keep the stopwatch going. happy sunday. >> you bet, thank you. >> d
republicans will demand there whether it's part of the deal in the fiscal cliff or to raise the debt limit. >> i'm glad you brought that up. in terms of spending, which clearly has to be cut, the president from the reports this week wants to raise the debt ceiling without asking anybody. did they comment on that? >> what he's saying is give me the unilateral right to raise the debt ceiling, which congress had has had to approve, then congress can disapprove with a two-thirds vote....
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so while we're stuck on thinking about tax rates increases versus revenue, this fiscal cliff issue much larger. talks about the debt ceiling and what that means for next year. treasury saying that sometime early next year they will run out of those extraordinary measures and the u.s. will have to raise the debt ceiling or default. back to you. ashley: very good point. rich edson in d.c. thanks very much. tracy: our next guest says, forget taxes. washington needs to focus on cutting entitlement spending if we want to prevent a battle between old and young americans. diana further got roth, senior fellow at man hat taken institute and joins us now. diana, seems to me raising the retirement age is the simplest thing you could do yet we're not talking about that. >> well, we certainly should be because part of the deficit problem, a great part, is entitlements, social security and medicare, keep adding fiscal burdens as people's live expectancy increases and it's great that people are living longer but when social security was first thought of the life expectancy was only 67. now it is arou
so while we're stuck on thinking about tax rates increases versus revenue, this fiscal cliff issue much larger. talks about the debt ceiling and what that means for next year. treasury saying that sometime early next year they will run out of those extraordinary measures and the u.s. will have to raise the debt ceiling or default. back to you. ashley: very good point. rich edson in d.c. thanks very much. tracy: our next guest says, forget taxes. washington needs to focus on cutting entitlement...
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he said "republicans are seriously considering a doomsday plan if fiscal cliff talks collapse entirely. it would be quite simple. house republicans would allow a vote on extending the bush middle class tax cuts. that bill already passed in august in the senate. and offer the president nothing more. no extension to the debt ceiling, nothing on unemployment, nothing on loopholes. congress would recess for the holidays and the president would face a big battle early in the year over the debt ceiling. ." two republican officials tell me this is becoming the most likely scenario. "the new york times" added more detail including this amazing quote from rep michael c. burgess of texas. "there's always better ground, but we have to get there." in this case the better ground is exchanging the threat of a congressionally induced recession for the threat of a congressionally induced global financial crisis combined with recession. that, that is your better ground? that's a big plan? it's not -- it's not better ground for the economy. and, frankly, i find it difficult to see how it's better politi
he said "republicans are seriously considering a doomsday plan if fiscal cliff talks collapse entirely. it would be quite simple. house republicans would allow a vote on extending the bush middle class tax cuts. that bill already passed in august in the senate. and offer the president nothing more. no extension to the debt ceiling, nothing on unemployment, nothing on loopholes. congress would recess for the holidays and the president would face a big battle early in the year over the debt...
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this fiscal cliff. the republicans, as i mentioned, they are not mounting any kind of response to the charge by the administration. >> not surprising. the republicans have been known for as long time as the stupid party, they are a hot mess, they came out of this elect on the losing end, they have done nothing to try to regroup, this affects every american's life and pocketbook, they still can't get it together with a coherent message based on their core principals, economic freedom, and liberty, if you can't stand for those, and fight for them, they have no business being one of the two major political parties. >> monica is right, the republicans have allowed obama to ccntrol the debate, we have the morale high ground and our plan, obama in 2011 talking about tax reform said we can -- we don't have to raise tax rates, we can lower tax rates by capping deducts. he said that. lou: where is coordinated action and rhetoric from the party? i'm talking about from mayors to governors. >> we have been great wi
this fiscal cliff. the republicans, as i mentioned, they are not mounting any kind of response to the charge by the administration. >> not surprising. the republicans have been known for as long time as the stupid party, they are a hot mess, they came out of this elect on the losing end, they have done nothing to try to regroup, this affects every american's life and pocketbook, they still can't get it together with a coherent message based on their core principals, economic freedom, and...
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fiscal cliff talks and a reserve meeting midweek could shift the markets, bri markets,. ringing the opening bell at the exchange, the financial services company blackrock. >>> hugo chavez returns to cuba to undergo another cancer operation. chavez left in the middle of the night just a day after telling his country the cancer was back. in is his fourth surgery since being diagnosed with cancer last year. >>> today former south african president nelson mandela is facing a day of medical tests in the hospital. the 94-year-old has suffered health problems in recent years. the nation's current president says mandela is doing well but offered no details on his condition. mandela is a nobel laureate who fought against racial segregation. >>> former republican presidential candidate newt gingrich isn't sounding too optimistic about his party's chances about winning back the white house in 2016, especially if it stays in its current form. in fact, gingrich thinks it's almost impossible if one particular candidate wins the democratic nomination. take a listen. >> if their competi
fiscal cliff talks and a reserve meeting midweek could shift the markets, bri markets,. ringing the opening bell at the exchange, the financial services company blackrock. >>> hugo chavez returns to cuba to undergo another cancer operation. chavez left in the middle of the night just a day after telling his country the cancer was back. in is his fourth surgery since being diagnosed with cancer last year. >>> today former south african president nelson mandela is facing a day...
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you know, when the president talks about, if we don't deal with the fiscal cliff, the average family will see their taxes go up $2,000 a year. in the last few years, their gasoline bill has increased $2500 a year. so we need to be dealing with the natural gas and the oil and the gasoline and the energy prices. >> not only a member of congress, a medical doctor and a psychiatrist. make you can get everybody on the couch. you mentioned taxes, taxes, taxes. here's an interesting take from robert robb. let me get your reaction to this. he said, quote, what obama is trying to do is force republicans to finance, through higher taxes and increased borrowing, the size of the furthermore government obama thinks is appropriate. obama likes his government super sized. republicans in the house, undoubtedly won't and shouldn't agree to obama-level spending. after all, they were elected in 2010 to put the brakes on obama's spending and were returned to power. the democrats say, but the president won re-election, so, in your point of view who, is right? >> the president continued to talk about redu
you know, when the president talks about, if we don't deal with the fiscal cliff, the average family will see their taxes go up $2,000 a year. in the last few years, their gasoline bill has increased $2500 a year. so we need to be dealing with the natural gas and the oil and the gasoline and the energy prices. >> not only a member of congress, a medical doctor and a psychiatrist. make you can get everybody on the couch. you mentioned taxes, taxes, taxes. here's an interesting take from...
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with all this talk about the fiscal cliff, what does it really mean for you, your money, and your safety. join us at 6:00. >>> in the rue search finds facebook may be tressing you out. people with friends from self different social circles are more likely to feel anxiety because of the pressure and expectations of the simultaneous audiences. 64% of people are friends with their exes, 56% or friends with their current significant other. that does it for us. thank you for joining us. the abc-7 news exclusive alarm clock epa is available for you android. here's a live look outside. captioned by closed captioning services inc. >>> this is "world news." tonight, the daring rescue. an american doctor from colorado taken hostage in afghanistan. lifted to safety by a special forces team in the middle of the night. tonight, we are learning one of the american warriors who helped save that doctor did not survive. >>> vanished. the breaking news tonight. the plane carrying a mexican american icon, a singer love bid so many americans,
with all this talk about the fiscal cliff, what does it really mean for you, your money, and your safety. join us at 6:00. >>> in the rue search finds facebook may be tressing you out. people with friends from self different social circles are more likely to feel anxiety because of the pressure and expectations of the simultaneous audiences. 64% of people are friends with their exes, 56% or friends with their current significant other. that does it for us. thank you for joining us. the...